Guideline Value for BADMA AVENUE

Badma Avenue guideline value

The current guideline value of Badma Avenue in Pulipakkam village is Rs 600 per sq.ft, effective from 1 July 2024. This street falls under the Chengleput Joint II SRO and is classified as Residential Special Type - I.

How the guideline value of Badma Avenue has changed

The guideline value for Badma Avenue has seen several revisions over the years. In 2012, the value was set at Rs 600 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 402 per sq.ft, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49%, bringing it back to Rs 600 per sq.ft. The 2024 revision maintains this value, showing no change from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Pulipakkam

In Pulipakkam, there are 12 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 600 to Rs 1,000 per sq.ft. The median value is Rs 600 per sq.ft, making Badma Avenue's 2024 figure equal to that median.

• Govinda Nagar: Rs 600 per sq.ft (2024)
• Highway Town: Rs 1,000 per sq.ft (2024)
• Narayana Nagar: Rs 600 per sq.ft (2024)
• Nu-Tech Gardenia Phase - I: Rs 1,000 per sq.ft (2024)
• Nu-Tech Gardenia Phase - II: Rs 1,000 per sq.ft (2024)
• Nu-Tech Gardenia Phase - III: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Badma Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, making the total fees Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Badma Avenue?

The Sub Registrar Office covering Badma Avenue is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Pulipakkam

The guideline value is a crucial factor in the registration process when buying or selling property in Pulipakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Badma Avenue?

The current guideline value of Badma Avenue is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained Rs 600 per sq.ft in 2012, 2023, and 2024, while it decreased to Rs 402 per sq.ft in 2017. The value increased by 49% from 2017 to 2023.

Which Sub Registrar Office is responsible for Badma Avenue?

The Chengleput Joint II Sub Registrar Office is responsible for Badma Avenue, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions is 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2% of the guideline value or sale price.

Are there other streets with similar guideline values in Pulipakkam?

Yes, there are other streets in Pulipakkam with guideline values ranging from Rs 600 to Rs 1,000 per sq.ft. The median value for these streets is Rs 600 per sq.ft, which is the same as the guideline value for Badma Avenue.